Is Anderson Island, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson Island is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Anderson Island was a Seller's Market.

Key Takeaway

Anderson Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Anderson Island, WA

How much do homes in Anderson Island, WA cost?

Median Sold Price

$470,600

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$13,600(+3.0%)

Key Takeaway

Homes in Anderson Island have sold for 3% more than they did a year ago.

Summary: The median home sold price in Anderson Island was $470,600 in March 2024, up 3% from last year, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$427.5K
N/A
2 $435K$412.5K
-5.2%
3 $470K$537K
+14.3%
4 $650K$600K
-7.7%
5+ $700K-
N/A

Summary: Anderson Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Anderson Island
+3.0%
Lakebay
-1.3%
DuPont
-4.2%
Fort Lewis-DuPont
-4.3%

Housing Supply in Anderson Island, WA

How many homes are available in Anderson Island, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
919+111.1%

Summary: The Anderson Island real estate market had 19 homes for sale in March 2024, a 111.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 68
+33.3%
3 37
+133.3%
4 03
+100.0%
5+ 00
0.0%

Summary: The Anderson Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anderson Island, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Anderson Island in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Anderson Island, WA

How long does it take to sell a home in Anderson Island, WA?

Average Sale Time

Mar 2023Mar 2024CHANGE
103 Days37 Days-63.7%

Summary: Homes in Anderson Island had an average of 37 days on market in Mar 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anderson Island are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Anderson Island; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Anderson Island, WA

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